Hollywood Police Officers' Pension Fund
December 31, 2004
Total Fund
		5 Year Return (p1)				5 Year Standard Deviation (p20)				Size		(p1)
		Fund	Policy	Ratio		Fund	Policy	Ratio
3/31/2004		3.91	3.18	0.73		8.48	8.6	-0.12		0.343		Original Amount	59,084
6/30/2004		3.32	2.42	0.9		8.36	8.55	-0.19		0.49		Net Flows	235
9/30/2004		3.42	3.15	0.27		8.4	8.53	-0.13		0.7		Gain/Loss	108,639
12/31/2004		2.33	2.8	-0.47		8.06	8.43	-0.37		1
												Total	167,958
Inverness Equities
		5 Year Return (p43)				5 Year Standard Deviation (p51)				Size		(p43)
		Fund	Policy	Ratio		Fund	Policy	Ratio
3/31/2004		1.02	-1.22	2.24		16.81	16.79	0.02		0.343		Original Amount	18,638
6/30/2004		0.19	-2.24	2.43		16.57	16.55	0.02		0.49		Net Flows	-19,376
9/30/2004		0.2	-1.31	1.51		16.62	16.51	0.11		0.7		Gain/Loss	65,168
12/31/2004		-1.87	-2.30	0.43		16.05	16.21	-0.16		1
												Total	64,430
DHJ Total (Equity + Cash)
		Inception Return (p53)				Inception Standard Deviation (p59)				Size		(p53)
		Fund	Policy	Ratio		Fund	Policy	Ratio
3/31/2004		-6.58	-5.48	-1.1		15.58	16.83	-1.25		0.343		Original Amount	10,795
6/30/2004		-5.84	-4.78	-1.06		15.22	16.4	-1.18		0.49		Net Flows	12,594
9/30/2004		-6.58	-4.92	-1.66		14.96	16.02	-1.06		0.7		Gain/Loss	-2,429
12/31/2004		-4.16	-2.88	-1.28		14.91	15.82	-0.91		1
												Total	20,960
Inverness Fixed Income
		5-Year Return (p23)				5-Year Standard Deviation (p31)				Size
		Fund	Policy	Ratio		Fund	Policy	Ratio
3/31/2004		7.58	7.39	0.19		3.56	3.84	-0.28		0.343
6/30/2004		7.32	6.93	0.39		3.71	4.08	-0.37		0.49
9/30/2004		7.78	7.43	0.35		3.71	4.1	-0.39		0.7
12/31/2004		7.91	7.61	0.3		3.74	4.13	-0.39		1